Stuart Belknap describes several indicators that are either already built into the NeuroShell Trader Professional or can be created by combining a few of the over 800 technical indicators already in NeuroShell. We’ve combined all the relevant indicators to recreate Mr. Belknap’s indicators. These indicators are in a chart which can be downloaded from the NeuroShell Trader free technical support website.
To insert Belknap’s Channel Lines:
1. Select ‘New Indicator …‘ from the ‘Insert‘ menu.
2. Select the Simple Moving Average category.
3. Select the Simple Moving Average, Simple Moving Average Envelope High, and Simple Moving Average Envelope Low.
4. Select the Simple Moving Average Envelope High parameter Envelope Fraction.
5. Press the Set Parameter button and set the parameter to 0.03,0.02,0.01
6. Select the Simple Moving Average Envelope Low parameter Envelope Fraction.
7. Press the Set Parameter button and set the parameter to 0.03,0.02,0.01
8. Select the Finished button.
To add the other custom indicators to your chart:
1. Select ‘New Indicator …‘ from the ‘Insert‘ menu.
2. Select the Custom Indicator category.
3. Select the TAM – Volatility, TAM -Reference Price Grid, and TAM – Stochastic Momentum indicators.
4. Select the TAM – Reference Price Grid parameter Envelope Fraction.
5. Press the Set Parameter button and set the parameter to -0.03,-0.02,-0.01,0.0.01,0.02,0.03 (this will provide you with the entire grid as Mr. Belknap suggests).
6. Select the Finished button.
To insert Belknap’s Average Bar Price:
1. Select ‘New Indicator …‘ from the ‘Insert‘ menu.
2. Select the Arithmetic category.
3. Select the Average2.
4. Set the Operand #1 and Operand #2 parameters to High and Low respectively.
5. Select the Finished button.
You can easily insert any of these indicators into a prediction or trading strategy (however, do not trade with Belknap’s TAM Volatility or TAM Reference Grid indicators since they look ahead in time). The coefficients can be optimized by the genetic algorithm built into the NeuroShell Trader Professional or DayTrader Professional. This can provide you with custom versions of Belknap’s indicators which perform best with your favorite issues.
We have received the following additional information from author Stuart Belknap regarding the NeuroShell Trader’s tip on the Time and Money Charts article that appeared in the May 2003 issue of Technical Analysis of Stocks and Commodities. We appreciate Mr. Belknap taking the time to write.
Mr. Belknap writes:
Don’t be concerned about using the reference price grid in trading (best with trendlines as described) or the volatility measure to monitor performance or set stops.
Both measures, coded as intended, should be available in real time along with your most current price data. It’s true enough that dynamic volatility uses past data to the extent of the minor term trending interval of 12 bars. That’s one of the major points of the article as abstracted and pasted below.
Centered averages, although best mean value functions, involve future data and are therefore not realizable. The Time and Money system accepts real-time half-cycle lag 
so as to obtain a smooth and slowly changing measure of dynamic volatility rather than the jagged form which results from using a non-centered real-time average such as 
with span 
and no lag in the variance formula.
The price metric, spaced according to dynamic volatility 
, is 
for 
. Metric ratio or slope 
has the same significance everywhere on all charts.
The Time and Money price grid is similar to calibrated Bollinger Bands smoothed by centered measures at the expense of half-cycle lag 
. Realized minor cycle extremes within 
, observed to remain horizontal and centered with respect to the price grid across time intervals 
, indicate neutral minor term action at normal probability level 
. As the figures demonstrate, net shifts upward or downward indicate the presence of longer cycles and proportionally stronger or weaker trending.
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